In the construction space his favorite is WSP Global. SOX is similar and he thinks they may be a value trap as there is some concerns about the dividend, the strength of the balance sheet and their ties to the energy sector.
In the construction space his favorite is WSP Global. SOX is similar and he thinks they may be a value trap as there is some concerns about the dividend, the strength of the balance sheet and their ties to the energy sector.
It is a higher quality company than SNC-T. There is a lot of demand for their services. He prefers it over SNC-T.
BIP.UN vs. WSP They're different businesses. WSP is a consolidation play on the engineering side and have done a great job growing and consolidating that space. But he prefers BIP, though he expects WSP to continue to do well. BIP is more stable.
Sell Rogers to buy WSP? They're completely different companies and sectors. WSP grows by acquisition. Rogers isn't allocating capital wealth well, which has driven their valuation to an 8-year low. Conversely, this makes Rogers attractive. It's probably oversold. Don't sell. WSP: the valuation is too high as they've bought three companies recently, so he won't buy it now.
Sell Rogers to buy WSP? They're completely different companies and sectors. WSP grows by acquisition. Rogers isn't allocating capital wealth well, which has driven their valuation to an 8-year low. Conversely, this makes Rogers attractive. It's probably oversold. Don't sell. WSP: the valuation is too high as they've bought three companies recently, so he won't buy it now.
As SNC Lavalin has gone down, WSP has gone up. They ahve an $8 billion project backlog. It's cheap with great cash flow. They made 5 good acquisitions this year. A slow, steady grower with a huge backlog. They hit a new high today. (Analysts’ price target is $82.50)
As SNC Lavalin has gone down, WSP has gone up. They ahve an $8 billion project backlog. It's cheap with great cash flow. They made 5 good acquisitions this year. A slow, steady grower with a huge backlog. They hit a new high today. (Analysts’ price target is $82.50)
Sold off the construction side? STN-T sold off the construction side of the business, where margins were poorer. They will work to reduce debt going forward, so he is not concerned. He would prefer WSP-T.
WSP Global is pretty much the gold standard. They are pretty much 100% consulting, whereas STN-T and SNC-T are not. He has shied away from the whole sector. The problem is the engineering and construction business, which he has never liked. Margins are razor thin. STN-T wants to get away from E&C. He would buy WSP-T on a correction. STN-T might be a buy at some other point. SNC-T he stays way from and has done so for many years.
WSP Global is pretty much the gold standard. They are pretty much 100% consulting, whereas STN-T and SNC-T are not. He has shied away from the whole sector. The problem is the engineering and construction business, which he has never liked. Margins are razor thin. STN-T wants to get away from E&C. He would buy WSP-T on a correction. STN-T might be a buy at some other point. SNC-T he stays way from and has done so for many years.
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 4
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 8
WSP Global Inc. is a Canadian stock, trading under the symbol WSP-T on the Toronto Stock Exchange (WSP-CT). It is usually referred to as TSX:WSP or WSP-T
In the last year, 8 stock analysts published opinions about WSP-T. 4 analysts recommended to BUY the stock. 2 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for WSP Global Inc..
WSP Global Inc. was recommended as a Top Pick by Ryan Modesto on 2020-02-26. Read the latest stock experts ratings for WSP Global Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
8 stock analysts on Stockchase covered WSP Global Inc. In the last year. It is a trending stock that is worth watching.
On 2020-04-03, WSP Global Inc. (WSP-T) stock closed at a price of $78.89.
